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20130615
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CNBC
Jun 17, 2013 3:00pm EDT
economy is not accelerating, and the fed has said clearly since january, they will taper when they see a substantial improvement in the jobs market, and i don't think they've seen it yet, especially with an uptick in unemployment growth. >> yet you do see a rise this year. >> absolutely, the april employment report over the course of the month of may, unemployment yields went up 20 basis points, and it wasn't just isolated to treasury yields. it's very real and it will have an effect on the economy, especially if the trend continues. >> if you are seeing an anticipation of the rates moving higher, mark, jump in here, because already you're seeing insurance companies, utilities, those companies that may benefit from higher rates actually get on the move here. so is that the train you want to get on, or do you want to stay with those dividend payers that have been working? >> i still think we prefer the dividend payers, because in this environment, the fed isn't going to adjust its underlying interest rate policy likely for a year, possibly two years or month. as a consequence, i still thi
CNBC
Jun 18, 2013 3:00pm EDT
, but not so much about the economy, the broader economy, and their own country or the world. my question for janet is, the surprising thing to me about this report is that north america and the developed countries are actually back on top when it comes to wealth creation. if you look at china, you look at brazil, russia, the developing, emerging markets, which are supposed to be the new thing when it came to the world of wealth, and they're really secondary now. did we all get too bullish when it came to wealth creation in emerging markets? >> i think we're looking at short-term patterns here. the belief is when we look at asia-pacific, some of the developing economies, they will probably be back on top in the near term. particularly asia-pacific, which we think will have the fastest growth rate to 2015 where we think world wealth will be -- find net worth over 55 trillion. think about the volatility in the marks. in 2010, 2011, and think about what the u.s. markets did and, quite frankly, u.s. real estate. so it's really not a surprise. we flip-flopped a little bit in 2012 with
CNBC
Jun 19, 2013 3:00pm EDT
support is necessary. if the economy does not improve along the lines that we expect, we'll provide additional support. if financial conditions evolve in a way that's inconsistent with economic recovery, we will provide support. but we're -- and in that way, we hope to increase confidence both among market participants, but also among investors and private consumers and other people in the economy. but again, your point is well taken that we are in a position where the simple adjustment by 25 basis points in the federal funds rate seems like a long-ago experience. and we are in a more complex type of situation. but we are determined to be as clear as we can, and we hope that you and your listeners and the markets will all be able to follow what we're saying. >> we'll go to donna and then go to peter. >> donna boreack with american banker. next month will be the anniversary of the dodd-franken act. can you provide us an update on where we stand with the rule makings and, also, are you still optimistic we will see the rules completed by the end of this year? >> it's certainly true tha
CNBC
Jun 20, 2013 3:00pm EDT
for every? what the game-changer? the economy getting better? >> think investors don't believe what bernanke is telling us. that the economy is stronger. and that it is a lack of confidence in the economy's ability a to stand on its two feet without all of this liquidity. >> and do you think this is old-fashioned profit taking? we've had good gains for 2013. we've had good gains for last four years. is it time to take something off the table for that reason. >> think i so. and a couple dayes with twloost days of run up with the announcement yesterday was short-covering. so i think you have people on the shore wagon as well. i think it is a combination of profits and the move down today. >> have you a triple witch tomorrow right? expiration coming tomorrow. how does that impact things? >> i think that exaggerates the moods. usually you see a lot of activity and volume and movement. and what we have seen the last few days is a heavy down days. i think the on coming combination exaggerate the move and puts pressure in that direction of the movement in this case down and exaggerate this
CNBC
Jun 21, 2013 3:00pm EDT
fed eventually pulls the jumper cables off the drained battery that's been the economy, a healthy financial sector could be good, needed, and essential for a sustainable economic recovery. >> you mentioned oracle, nick. a lot of people were looking at oracle and saying this is evidence that global growth is slow. so what did you see in the oracle numbers? >> when we look at the numbers for all of the companies, things that are still tied into the emerging markets -- >> i see. >> -- the emerging economies are still struggling the most. when we collect all of the economic data, it's saying come home to the u.s. and so, some of the defensive sectors, the financials as well, we still like best some of the trends. not utilities, but telecom we like. when it comes to certain technology sectors and materials, energy, industrials, you know, these emerging economies, there's some scary things going on, particularly with the short-end rates in china. >> and the outflows prove it. >> yeah, rick santelli, how much higher on the 10-year yield, do you think in. >> i wish i could tell you. if th
CNBC
Jun 19, 2013 4:00pm EDT
taper tantrum. the fed came out and said the downside risks to the economies have diminished. that's certainly good news. the economy is improving. then they went on to say, mr. bernanke reiterated, the fed may taper bond purchases at the end of the year and finish by mid-2014. that was a little more flesh on the bones of their plan there. that was the important part of that. stocks and bonds dropped on that. the dow jones industrials average. we have ended at the lows of the day, down about 200 points in the dow. that started dropping -- even though we were down before 2:00, the slide accelerated as mr. bernanke began speaking at 2:30 on the press conference. bonds took it on the chin. take a look at the agg. this is the bond etf, the largest one that's out there. that's an aggregate of the total bond market. this is now essentially sitting at a two-year low. let's move on. low inflation, not great necessarily. for gold. gold took it on the chin as well. take a look at gold. gold is also closing right near two-year lows. these are intraday charts. but gold is near a two-year
FOX Business
Jun 19, 2013 3:00pm EDT
economy. so again, i mean, your point is well taken that we are in a position where this simple adjustment by 25 basis points in the federal fund rate seems like a long ago experience. we are in a more complex type of situation, but we are determined to be as clear as we can. we hope that you and your listeners and the markets will all be able to follow what we're saying. >> donna and then we will go to peter. >> donna with american banker. next month will be the 3-year anniversary of the dodd-frank act. as you know, there are number of significant all makings' that have left. provincial regulations. and risk retention to name a few. can you providen where we stand with bill greuel makings and also, are you still optimistic that we will see these rules completed by the end of this year? >> it is certainly true that it has taken time to do these regulations. there are number of reasons for that. the first is that there are inherently quite complicated. the volker rule for example involves some very subtle distinctions between hedging and market-making in proprietary trading. the
FOX Business
Jun 21, 2013 3:00pm EDT
problems economy wise that could come to fruition in the next couple of months. however, i think right now we have overcome it. in the next couple of days we are going to get back above $95 in crude oil. >> all rightquickly on japan. >> you know, everyone is talking about this right now. quantitative easing is the big thing. there seems to be a disconnect between china and japan. i don't have any clear-cut answer. liz: everyone needs to watch out. economics may not be what they seem. thank you for joining us. have a good weekend, guys. investors are switching away from oracle stock. this after the company's earnings report failed to excite anyone here. >> that is right, there is a lack of quarterly numbers that came out. revenue was a disappointment. see the stock isn't down 9% and it has been sitting there all day long. it sat there all day. what is also big news is we know the nasdaq and the new york stock exchange and anybody who knows these two know that they battle it out. they battle it out. oracle will be the largest to leave the nasdaq and come over to the new york stock exchan
FOX Business
Jun 18, 2013 3:00pm EDT
economy and therefore we can afford to get off of this morphine drip that has been the $85 billion bond buying program every single month. >> i think you hit the nail on the head which is why we have seen so much volatility in the markets because i am saying that glass had -- glass half full of the glass half full? and i agree with you in the sense. look at it as good news and bad news. eventually people will look at that and say, wait a second. this is positive. time for the patient to come off a life-support and see if they can read by themselves. if you read the tape today i agree with doreen in the sense that it is on very light volume, but i find it quite encouraging that the market held on to the 20 day moving average ahead of the fed after showing the witness that we saw yesterday afternoon. liz: and we have on the screen the leaders of all different types of names. really more leaders that laggers pushing this market higher, and then we get to a very interesting move for crude oil. today when you look and see that we are now well above $98 per barrel, you have to figure tha
FOX Business
Jun 17, 2013 3:00pm EDT
economy is markettedly better or marginally better. the fact is it's seen as a negative somehow. we got better than expected housing data today. that's not holding on to the gains. the narcotic association -- national association of home builders index, right hand of the screen, rose from 52 to 42 in may, the highest since 2006. today, the engines roar, kicking off the start of the paris air show, the show where the top airlines and all the big makers show us and show their wear. is shares of boeing like what they saw today. shares of boeing at a new high after a ceo had confidence in the brand new batteries they reinstalled in the dream liner, and it received an order for ten 787 10x. that's good news for boeing. nicole on the floor of the new york stock exchange, the spy case, and silicon valley opens the books to the government because the government asked for information. we'll get more on that story. and we have a cautionary tale of china being the spoiler on detroit's comeback. yes, detroit's auto world comeback. first to nicole, please. >> it's interesting. you noted the fina
CNBC
Jun 17, 2013 4:00pm EDT
them last year. the economy is mediocre at best, but even having said all that, that stocks have raced ahead of some of the weakness in the high yield bond market, to me i think still one of the best features of stocks when i talk to individual, and importantly, investors there are still a misuse of stocks when companies are generating an 8% return on equity, and if we get that 10% correction, just grind your way through it, fight your way through it and buy what you thought was too expense ive tod. >> that's an interesting point, because on the feds tapering, that's basically what people are trying to navigate around. rick santelli, give us your sense of what we hear out of bernanke tomorrow and wednesday? >> you can't get hd quality picture on a 1953 philco tv. that's the way i look at it. the markets are looking for answers to an exit strategy that can't be had. some people blame communications. i don't blame communications. i think these programs in their triggers for an exit and the relationships that the fed is trying to fine-tune with this rate of unemployment, this degree of gr
FOX Business
Jun 20, 2013 3:00pm EDT
in the coming weeks. investors try to let gays cells of the economy, not just the u.s., but the global economy. a lot of news, and assault team coverage with nicole petallides. once again standing by the new york stock exchange. a big sell-off. phil flynn at the cme tracking down the commodities, especially metals. jo ling kent is here with a very troubling story about china that we are following, but first to you, nicole. your headline please. >> reporter: to the big deal here is watching the volatility. we had a lot of 200. swings in the last 21 days since ben bernanke and his testimony may 22nd. half of those, ten of the 21 actually had 200. swings. the volatility is here and today you are obviously seeing a bigger move unusual. 350 points to the downside. cheryl: and an unusual move. that is how you would characterize this. >> reporter: absolutely an unusual move. essene the volatility of 10200, but not 350. cheryl: you will get back to you in a moment. phil flynn at the cme. >> reporter: it is a metals meltdown. what temperature doubles milton mack probably when the fed sta
CNBC
Jun 21, 2013 4:00pm EDT
suggest that the economy's doing better. if we continue to escalate a lot higher, like we have been -- i mean, we're up 87 bips on the 10-year in a month and a halftime. if we continue with that pace, that's what will cause the volatility, i think you want to use the volatility to pick out long-term themes -- in housing, aerospace, the industrials, and even start to look at the defensive stocks as they come down. >> rebecca, part of the issue for the markets has been currencies, has been credit, obviously. i mean, the dollar soaring against all currencies, right? euro, brazil, across the board. >> i think the dollar is likely to stay strong. the u.s. interest rate trend, i think, is going to be with us for a while. maybe not 30 years like falling interest rates were. but it could be for a couple of years. and so, if we're in that environment where you have rising interest rates, a stronger dollar, weaker commodity prices, when you think about the u.s. stocks you want to own, you want to think about names that are going to do well in a strong dollar, weak commodity environment. there
CNBC
Jun 20, 2013 4:00pm EDT
and i don't think to the economy is quite making it out what the fed is meant to be. i think we will see a bounce back here. >> would you say you want to buy here or wait and see if things settle out in more after wash-out? >> i would start to get money involved here. even during the run-up waiting for an opportunity to get into the market. here is an opportunity. you don't have to put everything in but it is time to move some money back into the market, cheaper valuations here. >> michael pento, how do you see it? >> first of all, mr. bernanke is a very confused man. he launched qe4 in january. january of this year. not only six months later, not even six months later, he lowers his growth forecast, takes down dramatically, his inflation outlook, and then for the first time ever, outlines a time line where he's going to get out of his quantitative easing strategy. so he surprised a lot of people on wall street and i got news for mr. bernanke. he does not control long-term interest rates and he has this economy 100% addicted to his credit creation and the acid bubbles he recreated. i
CNBC
Jun 18, 2013 4:00pm EDT
how much time they'll give the economy before it decides to reduce the monthly asset purchases. to me, the market has kind of adjusted its own expectations both for the worse and better, much more than the fed's message has changed. so i feel like it's really a lot of suspension been drained out of this meeting. by the way, the market itself, the treasury yields have calmed down. >> all right. amy, let me ask you in terms of allocating capital. where are you seeing the flow right now in terms of putting money to work? where is the conviction out there? what sector? >> well, hi, maria. from an options perspective, it's pretty interesting, because i think a lot of folks out there would say the fed's probably not going to say too much tomorrow. it may delay things out later. our own house view is for an october tapering session. however, from the options point of view, you've actually seen short-term term structure come up. so to translate that, that's basically saying near term, more volatility is expected relative to the outer terms. so the options market is actually expecting somethin
Search Results 0 to 14 of about 15